© 2022 St. Louis Public Radio
Play Live Radio
Next Up:
0:00
0:00
Available On Air Stations
Other

MO borrows $75 million more to pay bills

1844290-467858781.jpg

By AP/KWMU

Jefferson City, MO – The state of Missouri has loaned itself $75 million more to help pay bills. The borrowing comes from a state government budget reserve fund that must be repaid.

The state also borrowed money in July and October, which means $225 million plus interest needs to be repaid by mid-May.

In addition, the state borrowed $21.6 million to hold over a fund used by the Department of Social Services. The borrowing will be repaid using money from the tobacco settlement that goes to the Healthy Families Trust-Health Care Account every year on April 15th.

Other

Send questions and comments about this story to feedback@stlpublicradio.org.